Rita spends 25% of her monthly income on house rent and 30% of the remaining income on food. If she saves Rs.5,250, what is her monthly income?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. Rs.10,000.
Given that
Spends on house rent = 25% = 1/4
Remaing amount = 3/4
Spends on food = 30% on reamaing amount = 30% * (3/4)
Now, saving amount after spending = 70% * 3/4 = 21/40
Saving amount given is = 5250
21/40 of monthly income = 5250
Monthly income = 5250 * 40/21 = 10,000